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(a) Define the term financial instrument. Explain why the loan stock referred to above falls (5marks) (b) Define the terms financial asset and financial liability.

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(a) Define the term "financial instrument". Explain why the loan stock referred to above falls (5marks) (b) Define the terms "financial asset" and financial liability". Explain why the loan stock is a (4 marks) (c) Identify the category of financial asset to which the loan stock belongs. Explain how within the definition financial asset for Alcon Berhad but is a financial liability for the borrower. ngu iudbe uhisl resegihan and subsequently. 4 marks)

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